KPMG Tax Cheats Get Deal. We Get FATCAed

A senior partner at KPMG introduced the country’s top tax enforcement officer before he gave a speech promising tough action on offshore tax cheats — even as the Canada Revenue Agency had learned the same accounting firm had set up a tax dodge for rich Canadians via the Isle of Man.

Elizabeth Thompson at iPolitics tweeted the following today:

Watching CRA official Ted Gallivan nodding his head as Diane Lebouthillier defends secret CRA KPMG deal under questioning by @HarveyCashore

In her article, Elizabeth Thompson reported there is a Finance Committee meeting on Thursday. So I checked to see if it conflicts with the ATI, Privacy and Ethics Committee timing.

It is just after the ATI, Privacy and Ethics Committee where the Minister and the Privacy Commissioner have been called testify about the transfer of 155,000 records to IRS.

But guess what the subject of the Finance Committee is! Amendments to the Income Tax Act!

I immediately e-mailed Mr. Dusseault’s Assistant to see if it is possible to have “our” amendment to protect Canadian citizens from FATCA included in amending the Income Tax Act.

I think the timing is probably too short and it would not likely pass, but I am continuing to advocate for it.

Mr. Dusseault is not on the Finance Committee. BUT NDP MP Guy Caron is Vice-Chair. Mr. Caron was part of the Finance Committee during the meetings when FATCA was being discussed in 2014. He was not as vocal as Rankin and Cullen, but he spoke against FATCA and voted for the amendment.